Thursday, February 9, 2012

Foreclosure settlement

WASHINGTON -- Arizona, Michigan and Florida, three of the states hit hardest by the housing crisis, will join a nationwide settlement over foreclosure abuses, officials with direct knowledge say.

(Abc Local Web)

Feb. 8 (Bloomberg) -- California, New York, Nevada, Florida and Massachusetts are among the states that haven't signed off on a settlement with banks over foreclosure abuses, according to state officials and two people familiar with the talks.

(Businessweek)

Look for a final announcement Thursday or Friday on a national foreclosure settlement that includes almost all the states and involves five major financial institutions.

(Detroit Free Press)

The foreclosure mess and multibillion-dollar settlement, expected as soon as Thursday morning, unfolded over a year of tussles among banks, federal officials and attorneys general.

(Wall Street Journal)

As early as Thursday the government is expected to announce a roughly $25 billion deal with some of the nations largest banks to settle charges of systemic and widespread mortgage fraud, according to multiple sources close to the negotiations.

(Huffington Post)

Michigan is joining 40 other states in a multibillion-dollar settlement with five of the country's largest banks and mortgage services. A final agreement is expected later this week, according to a spokesperson for the Michigan attorney general.

(Lansing State Journal)

Massachusetts Attorney General Martha Coakley is expected to sign on to a settlement brokered by attorneys general nationwide with five major U.S.